Clarie Member Username: Clarie
Post Number: 34 Registered: 11-2007
| Posted on Saturday, December 08, 2007 - 12:04 am: | |
We are in trouble as a city and region because of all the empty homes. Are any of them selling in your neighborhood? |
Buddyinrichmond Member Username: Buddyinrichmond
Post Number: 253 Registered: 02-2004
| Posted on Saturday, December 08, 2007 - 10:21 am: | |
Everything is fine out my way. |
East_detroit Member Username: East_detroit
Post Number: 1291 Registered: 11-2003
| Posted on Saturday, December 08, 2007 - 1:49 pm: | |
Well, except these: 70175 CANTERBURY DR RICHMOND 70335 CANTERBURY DR RICHMOND 34650 CEDAR RDG RICHMOND 34947 CHICKADEE RIDGE, #38 RICHMOND 67704 GEORGE DR RICHMOND 67725 GEORGE DR RICHMOND 35364 MONROE ST RICHMOND 69270 N FOREST AVE RICHMOND 68304 ROSEWOOD LN RICHMOND 68374 ROSEWOOD LN RICHMOND 67758 S FOREST AVE RICHMOND http://www.freep.com/apps/pbcs .dll/article?AID=/20071129/NEW S04/71129028&appSession=404598 73036231 |
Hamtramike Member Username: Hamtramike
Post Number: 478 Registered: 12-2003
| Posted on Saturday, December 08, 2007 - 1:55 pm: | |
I am actually considering Richmond. With 13 pre-forclosures, 4 for scheduled auction, and 52 REO's, there's a little something for everyone. http://www.realtytrac.com/MapS earch/MapSearch/MapSearch.aspx ?zipcode=richmond,%20MI&zipOnl y=true |
Mackcreative Member Username: Mackcreative
Post Number: 135 Registered: 08-2006
| Posted on Saturday, December 08, 2007 - 8:49 pm: | |
This is about Detroit right? The house next to ours is foreclosed, lots of lookers but no takers yet. Unfortunately our insurance agent drove by to take a picture to update our file & is now threatening to drop us because of the liability from the foreclosure. |
Bobj Member Username: Bobj
Post Number: 3245 Registered: 11-2003
| Posted on Saturday, December 08, 2007 - 9:26 pm: | |
This is not good for ANY neighborhood |
Buddyinrichmond Member Username: Buddyinrichmond
Post Number: 254 Registered: 02-2004
| Posted on Sunday, December 09, 2007 - 11:13 am: | |
Thanks Bobj, I thought it was about the international megaplex down by the river anyhow. |
Bobj Member Username: Bobj
Post Number: 3252 Registered: 11-2003
| Posted on Sunday, December 09, 2007 - 12:56 pm: | |
Drive around, you can usually spot the foreclosures, grass not cut, leaves all over, shrubs out of control - that is the better part. Then sometimes you can see broken windows, junk everywhere - it brings down the best of neighborhoods, not to mention neighborhoods on the edge. |
Rfban Member Username: Rfban
Post Number: 225 Registered: 02-2004
| Posted on Sunday, December 09, 2007 - 1:30 pm: | |
Mackcreative, do you live in Indian Village? |
Mackcreative Member Username: Mackcreative
Post Number: 136 Registered: 08-2006
| Posted on Sunday, December 09, 2007 - 1:58 pm: | |
Rfban- no, Woodbridge. |
Steelworker Member Username: Steelworker
Post Number: 1042 Registered: 02-2004
| Posted on Monday, December 10, 2007 - 10:36 am: | |
im putting a offer in on a foreclosed HUD home in Oak Park damn good price i feel. But most of the homes ive looked at have been messed up by the banks who own them. |
Kjwick Member Username: Kjwick
Post Number: 68 Registered: 11-2003
| Posted on Monday, December 10, 2007 - 10:11 pm: | |
it's scary when you can buy a foreclosure in Indian Village for under 50K. Doesn't anyone like to fix up old homes anymore??? it even has all of it's roof, windows, and doors (exterior atleast)... that's good for a detroit house! |
Islandman Member Username: Islandman
Post Number: 1205 Registered: 08-2004
| Posted on Tuesday, December 11, 2007 - 11:50 am: | |
Kjwick, Where did you see that? Link? |
Brandon48202 Member Username: Brandon48202
Post Number: 203 Registered: 12-2004
| Posted on Saturday, December 15, 2007 - 1:25 pm: | |
Looks like he's referring to 3508 Burns:
http://pub.realcomponline.com/List/8/R/D/6VIXIIEASBY8RD.htm |
Brandon48202 Member Username: Brandon48202
Post Number: 204 Registered: 12-2004
| Posted on Saturday, December 15, 2007 - 1:28 pm: | |
Wow! That house has $13,037.70 in property taxes/year! I guess the city assessor is a little off on that one! |
Mackcreative Member Username: Mackcreative
Post Number: 143 Registered: 08-2006
| Posted on Saturday, December 15, 2007 - 2:10 pm: | |
I've been by there, it's no wonder it's priced so low, it need serious work, and working within the confines of the historic commission can be slow and difficult. Hope the purchaser appeals that assessment (again a slow and difficult process.) |
Brandon48202 Member Username: Brandon48202
Post Number: 205 Registered: 12-2004
| Posted on Saturday, December 15, 2007 - 2:19 pm: | |
Seems like it should be easy to get the property taxes reduced. Right now the city says the house is worth over $300,000 (the SEV is $150,183.00) If the house sells for around $30,000 that means that the property taxes are 10 times too high. |
Kjwick Member Username: Kjwick
Post Number: 70 Registered: 11-2003
| Posted on Saturday, December 15, 2007 - 4:25 pm: | |
sorry for the delay. i saw the houses on michiganreo or realtor . com. |
Mackcreative Member Username: Mackcreative
Post Number: 144 Registered: 08-2006
| Posted on Saturday, December 15, 2007 - 4:51 pm: | |
Seems like it should be, but it's not. I'm still going through it for the tax year 2007. The taxes on the assessed value of our house were only three and a half times the purchase price. I have had to jump through hoop after hoop after hoop, and am currently waiting for my docket at the state tax tribunal. |
Islandman Member Username: Islandman
Post Number: 1244 Registered: 08-2004
| Posted on Saturday, December 15, 2007 - 10:26 pm: | |
Thanks Brandon and kj. Mackcreative, how much work did it need? Has it been gutted, or just the regular maintenance (roof, etc.), plus upgrading of the internal systems? |
Mackcreative Member Username: Mackcreative
Post Number: 145 Registered: 08-2006
| Posted on Sunday, December 16, 2007 - 9:11 am: | |
It's was mostly gutted when we bought it, had to finish that then start from scratch. We were able to keep most of the original floor (refinished,) needed all new (since there was none) plumbing, heating/cooling, electrical, walls, ceilings, fixtures/appliances, plus porches/decks, and roof replaced. It has been an all-encompassing project for the past year. |
Islandman Member Username: Islandman
Post Number: 1246 Registered: 08-2004
| Posted on Sunday, December 16, 2007 - 3:52 pm: | |
Do you think the house on Burns needs the same amount of work? |
Lefty2 Member Username: Lefty2
Post Number: 781 Registered: 07-2007
| Posted on Tuesday, December 18, 2007 - 7:18 pm: | |
Detroit has some of the best houses in the country. If the Michigan government would accurately place tax values at the purchase price and not defraud homeowners on the value of property maybe some people or investors would buy these fine homes. Maybe what is needed is a CA style Prop 13 to levy home values on the purchase price and set a standard % value + local taxes, there would not be as much government tax fraud put on us homeowners. |
Mackcreative Member Username: Mackcreative
Post Number: 147 Registered: 08-2006
| Posted on Wednesday, December 19, 2007 - 2:21 pm: | |
The house on Burns doesn't seem to need as much work, but there is quite a bit that needs done on the outside, which is controlled by the historic commission. In some regards, we were lucky because we knew what we were getting into from the start, there were no surprises behind the walls. |